Electric Power
Electricity Market Modeling
Overview
Engagements
Experts
Publications

The Brattle Group offers an unparalleled combination of technical modeling capabilities, rich understanding of interrelationships among market factors, and practical and thoughtful application of models to problems.

We run all of the major locational energy market simulation models (DAYZER, PROMOD, GE-MAPS) along with transmission models underlying nodal pricing, and an operational model (PSO) that captures short-term dynamics necessary for certain operational studies. We have capacity market models that we developed based on our experience reviewing and helping to design these markets for the RTOs that have them, and we model markets for fuels, renewable energy certificates, and emission allowances. Depending on the application, we model these sub-markets in isolation, in parallel (iteratively), or as an integrated modeling system. For example, our long-term resource planning model, XPAND (licensed from the Lantau Group), solves simultaneously for energy, capacity, fuels, allowance prices and REC prices.

We frequently supplement our fundamentals-based modeling with stochastic models of power and fuel prices based on spot and forward market data, and portfolio and risk management models, as well as cost-benefit and financial valuation models. We also offers expertise in related subject areas, including industry structure and regulatory policy, fuel markets and environmental compliance matters, and litigation support.

Principals
Broehm 076
Principal
+1.617.864.7900
Dr. Broehm is an economic expert in the electric utility industry specializing in the areas of market competition, impacts of regulatory policies on wholesale power markets and power assets and valuation, and the evaluation of power procurement. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Metin 087
Principal
+1.617.864.7900
Dr. Metin Celebi provides expertise in electricity markets and analysis of environmental and climate policy. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Webrichgoldberg img 4749
Principal
+1.415.217.1000
Dr. Goldberg specializes in complex litigation in which careful analysis and modeling of economic, business, or financial data is critical. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Graves 060
Principal
+1.617.864.7900
Mr. Graves specializes in regulatory and financial economics, especially for electric and gas utilities, and in litigation matters related to securities litigation and risk management. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Hanser 080
Principal
+1.617.864.7900
Mr. Hanser assists clients in issues ranging from utility industry structure and market power and associated regulatory questions, to specific operational and strategic issues, such as transmission pricing, generation planning, and tariff strategies. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Harris 129
Principal
(Rome) +39.06.48.888.146
(London) +44.20.3829.2340
Mr. Harris has more than fifteen years of experience as expert in valuation, quantification of damages, and the economics of gas and electricity markets. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Hesmondhalgh 086
Principal
Dr. Hesmondhalgh has worked as a consultant in the energy sector for more than 20 years, predominantly in the electricity and gas sectors. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Ryanhledik img 4596
Principal
+44.20.7406.7900
+1.415.217.1000
Mr. Hledik has expertise in assessing the economics of smart grid investments and policies. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Lapuerta 103pp
Principal
+44.20.7406.7900
Mr. Lapuerta is an expert in economic analysis and financial valuation, which he frequently applies to estimate damages in international arbitration proceedings. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Newell 090
Principal
+1.617.864.7900
Dr. Newell is an expert in electricity wholesale markets, the transmission system, and RTO rules. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Pfeifenberger 034 edited
Principal
Mr. Pfeifenberger is an economist with a background in electrical engineering and over twenty-five years of experience in the areas of regulatory economics and finance. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Shavel 087
Principal
+1.202.955.5050
Dr. Shavel is an energy economist specializing in the economics and operations of the U.S. electric power system, generation and transmission investment, and environmental strategy. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Spees 13a
Principal
+1.617.864.7900
Dr. Kathleen Spees has expertise in wholesale electricity and environmental policy design and analysis. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Tsuchida 084
Principal
+1.617.864.7900
Mr. Tsuchida specializes in the analysis of wholesale electric markets and modeling. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Jurgen weiss0492
Principal
+1.617.864.7900
Dr. Weiss specializes in issues broadly motivated by climate change concerns, such as renewable energy, energy efficiency, energy storage, the interaction between electricity, gas and transportation, and carbon pricing. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Senior Consultants
Senior Consultant
+1.202.955.5050
Senior Associates
Aydin 087
Senior Associate
+1.617.864.7900
Mr. Onur Aydin is a senior associate with an engineering background and over 10 years of experience in energy economics, electricity market modeling, and transmission planning. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Geronimo 062
Senior Associate
+1.617.864.7900
Ms. Geronimo Aydin addresses electricity industry issues and provides economic assessments in the context of strategic and resource planning, regulatory proceedings, and litigation. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Ruiz 065
Senior Associate
+1.617.864.7900
Dr. Ruiz is an electrical engineer with experience in electric power systems analysis and research. More icon f02782c24cccaf6d90e1da53920c42f20e5a8955f54ac2ca5727ec7dc89987b4
Presentation
May 17, 2016
Ira H. Shavel, Yingxia Yang, Roger Lueken, Andrew O’Brien, and Colin McIntyre
Prepared for The Texas Clean Energy Coalition
Report
Benefits of the Southwest Intertie Project-North (SWIP North)
March 31, 2016
Prepared for Great Basin Transmission, LLC
Presentation
Topology Control Algorithms (TCA): Simulations in PJM with AC Modeling
June 23, 2014
Pablo Ruiz, Michael Caramanis, Evgeniy Goldis, Bhavana Keshavamurthy, Xiaoguang Li, Russ Philbrick, Alex Rudkevich, Richard Tabors, and Toshiki Bruce Tsuchida
Presented at the FERC Technical Conference On Increasing Real-Time And Day-Ahead Market Efficiency Through Improved Software, Washington, DC